ConocoPhillips Company News
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ConocoPhillips to Sell UK Assets for $2.675B to Chrysaor
Thursday, April 18, 2019 Houston-based ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest.
Conoco Looks to Sell North Sea Fields
Monday, April 01, 2019 An agreement would end a troubled sale process for the company, which is selling the assets as it turns its attention to U.S. shale.
Next US Shale Wave Will Need Fewer Heads, Different Skills
Wednesday, March 27, 2019 Technology, process optimization and a different kind of headcount would lead the second exploration and production uptick.
Repsol Makes Gas Discovery in Indonesia
Wednesday, February 20, 2019 Repsol S.A. has unlocked the largest gas discovery in Indonesia in 18 years.
ConocoPhillips Contracts Rowan Jackup
Thursday, January 10, 2019 The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.
ConocoPhillips Plans for $6.1B Capital Spend in 2019
Monday, December 10, 2018 ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.
ConocoPhillips Departs Barnett
Thursday, November 01, 2018 ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.
ConocoPhillips Strikes First Oil at New Alaska Site
Wednesday, October 10, 2018 ConocoPhillips Alaska flows its first oil at the Greater Mooses Tooth #1 in Alaska's North Slope.
ConocoPhillips to Divest Timor Sea Acreage
Monday, October 01, 2018 ConocoPhillips to sell its 30% interest in the Greater Sunrise natural gas and condensate fields.
KBR, ConocoPhillips to Develop Off-the-Shelf LNG Tech
Tuesday, September 18, 2018 KBR and ConocoPhillips will jointly develop a standardized, mid-scale LNG train for both greenfield and brownfield projects.
ConocoPhillips Settles With Venezuela's PDVSA To Recover $2B
Monday, August 20, 2018 ConocoPhillips will recover about $2 billion under a settlement with PDVSA ending a long-running dispute.
'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
ConocoPhillips to Cut US Staff in September
Monday, August 13, 2018 Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.
Darwin Seeks To Shed Frontier Image To Become World-Class LNG Export Hub
Friday, July 27, 2018 Australia's tropical city of Darwin wants to establish itself as a world-scale energy export hub.
ConocoPhillips Boosts 2018 Spending, Production Outlook
Thursday, July 26, 2018 ConocoPhillips posts better-than-expected quarterly profit thanks to rising crude prices.
BP Is Said in Talks for Conoco's UK Field Stake in Swap
Friday, May 18, 2018 BP and ConocoPhillips are in discussions for an asset swap deal, according to sources.
US: Enough Global Oil To Avoid Caribbean Fuel Disruptions
Wednesday, May 16, 2018 There is enough oil supply in the global market to make up for potential fuel disruptions, a State Department spokesman says.
Sources: Conoco Aiming To Seize Oil Cargoes Near Citgo's Aruba Terminal
Tuesday, May 15, 2018 ConocoPhillips has brought court actions to seize at least two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum, sources say.
Venezuela Suggests Ready To Pay After Conoco Moves On Its Caribbean Assets
Thursday, May 10, 2018 Venezuela rejected ConocoPhillips's moves to seize the country's Caribbean assets to collect on a $2 billion arbitration award.
Curacao Sees 'Potential Crisis' from Venezuela-Conoco Row
Wednesday, May 09, 2018 Curacao, a small island off the coast of Venezuela, is prepared to purchase refined products on the global market.
Sources: Conoco Expected To Soon Temporarily Seize PDVSA Curacao Assets
Monday, May 07, 2018 ConocoPhillips is expected to renew an effort to temporarily seize PDVSA oil inventories at the 335,000-barrel-per-day Isla refinery, sources say.
ConocoPhillips Profit Tops Estimates On Rising Oil Prices, Cost Cuts
Thursday, April 26, 2018 ConocoPhillips posts a bigger-than-expected quarterly profit.
Venezuela Hails $2B Award As 'Tough Lesson' For Conoco
Thursday, April 26, 2018 Venezuela says a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a 'tough lesson.'
Shale Producers Urge FERC To Deny White Cliffs Oil Pipeline's Fee Request
Friday, February 23, 2018 Top shale oil producers asked a US regulator this week to reject White Cliffs pipeline's application.
Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018 Canada is the first country outside the United States to see large-scale development of shale resources.
Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.
ConocoPhillips Vows Financial Discipline As Aims To Boost Output
Wednesday, November 08, 2017 ConocoPhillips says it will boost output over the rest of the decade but vowed to do so only when it was financially prudent.
ConocoPhillips' Profit Beats Estimates, But Budget Cut 10%
Thursday, October 26, 2017 ConocoPhillips, the largest US independent oil producer, reports a better-than-expected quarterly profit.
Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate
Friday, October 06, 2017 Nate has already pushed nearly three times as much Gulf crude production offline as Hurricane Harvey did in August.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
For ConocoPhillips, Harvey A Test Of Remote Operations
Thursday, September 07, 2017 ConocoPhillips is still shut out of its global headquarters nearly two weeks after Tropical Storm Harvey slammed into Houston.
ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
Tuesday, September 05, 2017 ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes
Friday, September 01, 2017 The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.
Harvey's Wake Tempers Bullish Outlook for US Oil Output Growth
Friday, September 01, 2017 Oil analysts and some company executives had anticipated that the US could top the 10 million bpd mark by year-end.
ConocoPhillips Looks to Backfill for Darwin LNG
Tuesday, August 22, 2017 Chris Wilson, President Australia West, ConocoPhilips, says Darwin LNG has promising options for backfill and expansion opportunities.
Conoco To Start Dismantling Historical Norwegian Oil Platform
Thursday, August 17, 2017 ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.
ConocoPhillips Trims CAPEX After Posting Quarterly Loss
Thursday, July 27, 2017 ConocoPhillips cut its 2017 capital spending by 4%, the latest US oil and natural gas producer to do so in reaction to depressed crude prices.
ConocoPhillips to Sell Barnett Assets for $305 Million
Thursday, June 29, 2017 ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.
ConocoPhillips To Lay Off 300 In Canada After Cenovus Deal
Thursday, May 04, 2017 ConocoPhillips will lay off 300 Canadian workers, mostly in the country's oil capital of Calgary.
ConocoPhillips Posts Surprise Loss On Higher-Than-Expected Costs
Tuesday, May 02, 2017 ConocoPhillips reports a surprise quarterly loss as operating costs came in higher than Street estimates.
Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale
Friday, April 28, 2017 Analysts say anything that makes an asset less gas-focused is ultimately a positive as ConocoPhillips sells off San Juan assets to Hilcorp Energy affiliate.
ConocoPhillips Sells San Juan Basin Assets For $3B
Thursday, April 13, 2017 ConocoPhillips says it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy for about $3 billion.
Syncrude Outage Limits ConocoPhillips Oil Sands Production
Tuesday, April 04, 2017 A shutdown at the Syncrude oil sands facility in northern Alberta has curbed output from ConocoPhillips' Surmont plant, the US company says.
Deal Of The Month: ConocoPhillips Cashes In With $13.3 Billion Sale
Friday, March 31, 2017 Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of the year.
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017 Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in C$17.7B Deal
Wednesday, March 29, 2017 Cenovus will double its production and reserves through deal to buy ConocoPhillips' interest in Foster Creek Christina Lake oil sands partnership and its western Canada Deep Basin gas assets.
ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn
Tuesday, March 07, 2017 ConocoPhillips' CEO Ryan Lance addresses the oil and gas industry's impending talent shortage during Houston's CERAWeek by IHS Markit conference.
Shell Shuns New Oil Sands as Low Crude Prices Force Cost Control
Monday, February 27, 2017 Royal Dutch Shell is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude's crash forced competitors to write down Canadian reserves.
Origin To Take A$1.9B Charge On LNG, Exploration Assets
Wednesday, February 15, 2017 Origin Energy tweaks up its earnings forecast but warns it will book a $1.45 billion charge in its half-year results.
ConocoPhillips Loss Smaller Than Expected On Higher Oil Price
Thursday, February 02, 2017 ConocoPhillips reports a smaller-than-expected quarterly loss, helped by higher crude prices and lower costs.